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Born in 1975 what would be my retirement age to get maximum social security benefit?
ShannaJonesgp5739
To get your full retirement benefit, you need to be 65 or older. That will be in the year 2040.
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∙ 9y ago
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What is one benefit by Social security?
Retirement income for the elderly.
Is it possible to receive a social security benefit of 25000 dlrs. per year?
According to the Social Security Administration, the maximum benefit for a worker retiring at full retirement age is $2,116 per month in 2007. That is $25,392 per year. So the answer is yes. However, in order to receive that benefit, one must have had an annual income at or near the taxable maximum in the years leading up to retirement ($94,200 in 2006).
What benefit did the social security act provide who were not of retirement age?
unemployment insurance
Are the monthly social security retirement checks based on your income when you worked or on quarters for everyone reguardless of income level?
Social security benefits are based on your income, adjusted to represent current value; however, there are minimum and maximum benefit levels.
What benefit did the Social Security Act provide people who were not of age of retirement?
unemployment insurance
What benefit did the social security act provide to people who were not of retirement age?
unemployment insurance
What benefit the social security act provide people who were not of retirement age?
unemployment insurance
Can you receive your social security retirement benefit as a check?
Yes you can choose to receive your monthly social security check in the mail if that is really what you want to do.
What is the maximum 2004 social security withholding?
For the year 2004 the maximum earnings subject to the 6.2% social security tax was 87,900. For the year 2004 the amount was 5449.80 maximum contribution amount to the OASDI program social security benefit program.
Why is there a limitation on the amount of money we have to pay tax on for Social Security and not for Medicare?
I'm not familiar with the legislative history behind this. However, one explanation would be that although there is a maximum Social Security benefit, there is no maximum Medicare benefit.
At what age can a person collect disabilty retirement?
The age for retirement varies depending on the amount of time you have worked. For a list of Social Security benefit requirements go her to the governments social security website found at www.ssa.gov.
Are retirement checks subject to FICA?
Social Security retirement checks are subject to FICA taxes (Social Security and Medicare taxes) unless an individual has already reached the maximum taxable earnings limit for the year. Once the maximum limit is reached, no further FICA taxes are deducted from the retirement checks.
